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S&P 500 to swallow Tesla in one gulp on Dec. 21; shares keep on surging

No end in sight for Tesla's run as S&P indexes will have to buy $73 billion worth

Tesla Inc shares jumped 4% in extended trade on Monday after S&P Dow Jones Indices said it would add one of Wall Street's most valuable companies to the S&P 500 index all at once on Dec. 21. Adding Elon Musk's Tesla to Wall Street's most followed benchmark will force index funds to buy about $73 billion worth of its shares, S&P Dow Jones Indices said. The electric car maker's stock has surged over 40% since Nov. 16, when it was announced Tesla would join the index.

Official
2021 Mazda CX-30 2.5 Turbo starts at $31,000

That's $8,000 more than a base CX30, but AWD and lots of features are included

Spy Shots
Spy photos of a high-riding Porsche 911 add fuel to Safari rumors

This lifted prototype is also wearing a new spoiler

Official
Mercedes-AMG GT Black Series is priced at $452 per horsepower

AMG's most powerful V8 engine does not come cheap

Motorsports
Lewis Hamilton has COVID-19, will miss F1's Sakhir GP

He seemed wiped out after Bahrain race, then had mild symptoms on Monday

Seven-time Formula One champion Lewis Hamilton has tested positive for COVID-19 and will miss this weekend's Sakhir Grand Prix. The Mercedes team said in a statement Tuesday that Hamilton was tested three times last week and returned a negative result each time, the last on Sunday afternoon at the Bahrain International Circuit. “But he up woke Monday morning with mild symptoms and was informed at the same time that a contact prior to arrival in Bahrain had subsequently tested positive,” the te

Report
VW faces leadership crisis as CEO demands a vote of confidence

Herbert Diess has met with resistance 'breaking up old, encrusted structures'

Volkswagen, the world's largest vehicle maker by sales, risked a leadership crisis on Tuesday after Chief Executive Herbert Diess forced a vote of confidence in his reform efforts by asking for an early contract extension. The multi-brand car and truck maker is convening its Executive Committee to discuss Diess's demand for the contract extension, long before his current term comes to an end in 2023, three sources told Reuters on Monday. Volkswagen Chairman Hans Dieter Poetsch is seeking to av

Rumormill
Could a new Honda S2000 be coming for 2024?

The date would coincide with the company's 75th anniversary

ETC
1970 Firebird Trans-Am with front-mid-engine to be immortalized as a Hot Wheels car

Labor of love is this year's winner of the Hot Wheels Legends Tour

Official
Lamborghini Urus recalled due to a fire risk

A fuel line connector could become compromised due to excessive heat

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